Developer sees 20 rise in rental prices

Thu, Oct 28th 2010, 11:00 PM

By ALISON LOWE

Business Reporter

alowe@tribunemedia.net

A major Exuma developer has seen a 20 per cent increase in property rental prices and a "good year" for sales, crediting the re-opening by Sandals of "anchor tenant", the Emerald Bay property, for improving business conditions.

Randy Hart, managing director of February Point - a high-end boutique resort community in Great Exuma - said he believes part of the improvement in prospects following the "dark ages when the sky was falling down" economically, due to the closure of the Emerald Bay property, was because his resort was already relatively well established in comparison to other similar developments.

His ...

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